May 7, 2022 --Partner Mike Antonelli of Brown Commercial Group, Inc. represented a private investor in a 17,735-square-foot industrial investment sale at 1395 Jeffrey Drive in Addison, Illinois. The latest sale was the culmination of a year-long strategy to secure, reposition and maximize the value of a two-building industrial portfolio (totaling 37,735 square feet) in the...
March 17, 2022 -- The IL Real Estate Journal recently highlighted 40,045 square feet of industrial news by Brown Commercial Group, which, represented several tenants who are expanding in the market. Here are the highlights of this industrial news story: Broker Candace Scurto represented a private investor in selling a 14,875 SF industrial building at 119 Bond...
March 6, 2022 -- Chatter about the current state of the suburban industrial real estate market quickly trends toward superlatives. "The hottest I've seen," said Dan Brown, president of Brown Commercial Group in Elk Grove Village. "Over the last 18-24 months I've just never seen anything like it. It's accelerating at an extremely aggressive pace," added Alfredo Gutierrez,...
JULY 2, 2021 Construction is completed on a modern, multi-tenant industrial warehouse/distribution facility with truck and trailer parking at 365-399 Miles Parkway in Bartlett, IL. Brown Commercial Group President Dan Brown represented Kevin Karynek Real Estate in the site evaluation and land acquisition that led to the development. The 36,129-square-foot building was constructed on an 18-acre land site...
One year gone: What have CRE pros missed most during 12 months of COVID-19? DAN RAFTER MARCH 14, 2021 Maybe it was March 12 when the NCAA canceled its March Madness college basketball tournaments. Or maybe it was when your children’s school announced that it would shut down for “two weeks.” Or maybe you realized just how much...
MARCH 10, 2021 Brown Commercial Group has negotiated the sale of a two-building industrial portfolio, totaling 37,725 square feet, at 1395 and 1401 Jeffrey Dr. in Addison, Illinois, a western suburb of Chicago. Brown Commercial Group President Dan Brown and Partner Mike Antonelli represented the buyer, a private investor. Jennifer Sosko of ReMax represented the seller,...
Dec. 9, 2020-- Chicago Industrial Market Overview Brown Commercial Group negotiated a 36,000-square-foot, long-term lease for Methods Machine Tools, Inc. at 70 Prairie Parkway in Gilberts, Illinois, in Chicago’s northwest suburbs. Brown Commercial Group president Dan Brown negotiated the long-term lease on behalf of the tenant, a leading North American supplier of precision machine tools and automation, and...
Sept. 3, 2020 Brown Commercial Group negotiated one sale and four leases totaling nearly 24,000 square feet involving expanding businesses in Chicago’s west and northwest suburbs. “We are seeing steady growth in small to mid-sized industrial businesses in the Chicago area and a shortage of space for their needs,” said Dan Brown, president of Brown Commercial Group....
JULY 30, 2020 -- Brown Commercial Group Partner Mike Antonelli represented Dynamic MD, LLC in its purchase of a 3.2-acre site in Chicago’s suburban market. The buyer, a rapidly growing truck and freight company, recently broke ground on their 11,600-square-foot headquarters with warehouse and parking facilities. Brown Commercial Group president Dan Brown represented the landowner, a private...
JUNE 11, 2020 Brown Commercial Group recently represented both the buyer and seller in the sale of a 5.59-acre site in Bartlett, Illinois. Lis Trucking Inc. purchased the property from Abbott Land and Investment and is converting the land into parking to support its growing freight carrier business. “The Chicago industrial market continues to see a shortage of outdoor space...
